Farmers Bank and Trust gives 5.01% APY for their Best Reward Checking account
Farmers Bank and Trust is still offering their best checking account tagged True Rewards Checking. This money in the bank deal earns the highest interest rates given certain monthly conditions are met:
These current interest rates can be enjoyed if the following prerequisites are satisfied:
The best reward checking account of Farmers only requires $100 for its opening. It does not ask for any balance requirement nor does it collect for monthly service fees. Another feature is an overdraft protection. Once you are an account holder, you can also use the bill pay facility online for free.
Interested consumers can make use of an online application through the bank’s website but you still need to drop by a branch to complete the process.
Farmers Bank and Trust have offices across Arkansas particularly in Camden, Taylor, and Magnolia. They also have branches n Haskell, Rockport, and Malvern through their Southern State Bank division.
The bank has good ratings for soundness and safety. Bankrate.com gave 3 stars while BauerFinancial issued 3.5 stars. These were based on their March 2009 rating.
The bank was instituted in 1906 and has been indexed with the FDIC since 1934. They are covered by the FDIC under certificate number 1291.
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